How will the Australian economy overall be affected by the interest rate rise?

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Uploaded by on Oct 8, 2009

Certainly consumers have gotten used to historically low interest rates.

But At the same token, theyve been listening to talk about rising interest rates. The first rise is now with us, I think consumers will do quite well, providing the interest rates dont rise up too far too fast.

I think the economy will continue to resilient and these interest rates historically compared to what weve been paying are quite low. I dont see a big impact on the economy by this recent rate rise.

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  • Ah ah ah , very funny . 04-05-2010 interest rates raised to 4.5% , where are we going ? Why banks have always to put their dirty hands in our pockets?

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